-- Connecting the dots between our economy, government and business --
After trying to find a buyer for a distressed Loop office building, a New York-based lender has taken control of the property itself. A venture led by New York Life Insurance earlier this month formally took ownership of the Inland Steel Building at 30 W. Monroe St., according to Cook County property records.
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
Summary and audio linked here.
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Audio and summary
“ Lender? Bagels?” JB was said to have asked rather hopefully.
More of this in Downtown and in the suburbs going to happen. Rents are coming down, down and down. Taxes on these building will have to be lowered. Residents will have to pay more taxes on their homes and apartments. Government spending is going up when it should be going down.
This is actually a very nice looking, iconic midcentury building, something straight out of Mad Men, although not an advertising building, but out of that era of optimism and futurism, not too unlike what the next four years of American prosperity will look like.
Agreed. I always liked that building. A great design.